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Nice bounce across the iron ore sector today.

Quick check, will be looking at $1.44 for potential resistance (38.2% retrace of short-term down move) and then a move to $1.62 if it breaks that (61.8%). Will have a more detailed look over the weekend.

Highest volume in four months, as you said JG wonder how much selling today? VWAP of $1.33. Bulk of volume at $1.31, just above the low (see below). Maybe sold into the open from $1.34 after the day two bounce off the low then reloaded at the low before moving it higher. Interested in your take Jako.